13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001778131
申報總市值
US$126.1億
US$126.1億
654 檔
24.9%
Q4 2025 季度申報顯示，BI Asset Management Fondsmaeglerselskab A/S 揭露的美股組合總市值為 US$126.1億，涵蓋 654 個不同之權益投資部位。
在 Q4 2025，BI Asset Management Fondsmaeglerselskab A/S 進行了溫和的常態性持倉調整（包含新建倉 0 檔、加碼 27 檔、減碼 23 檔與清倉 0 檔），整體投資組合架構維持相對穩定。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, MSFT, GOOGL）占據了總市值的 24.9%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 654 檔）
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | 股票-科技 | 7.72% | -1.08% | -1.36% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.88% | -0.03% | +1.12% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.68% | +0.06% | +11.44% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 5.46% | +0.61% | +7.32% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.02% | +0.47% | +4.68% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.75% | +0.31% | +27.43% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.60% | -0.11% | -16.73% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.01% | -0.39% | -3.21% | |
| 9 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.63% | +0.49% | +37.34% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 1.56% | -0.52% | +5.66% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.45% | -0.08% | -1.38% | |
| 12 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.25% | -0.94% | +8.86% | |
| 13 | KLAC | Kla CORP | 股票-科技 | 0.99% | -0.36% | -9.04% | |
| 14 | AMAT | Applied Materials Inc | 股票-科技 | 0.99% | +0.88% | -8.91% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 0.97% | -0.07% | +12.75% | |
| 16 | TSLA | Tesla Inc | 股票-循環性消費 | 0.95% | +0.16% | -5.10% | |
| 17 | NEM | Newmont CORP | 股票-原物料 | 0.90% | -0.31% | -21.45% | |
| 18 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.83% | -0.03% | +9.98% | |
| 19 | CSCO | Cisco Systems Inc | 股票-科技 | 0.80% | -0.39% | -23.07% | |
| 20 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.80% | +0.03% | +1.36% | |
| 21 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.79% | -0.10% | +40.74% | |
| 22 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.77% | +0.09% | -15.66% | |
| 23 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.76% | -0.34% | -5.37% | |
| 24 | ANET | Arista Networks Inc | 股票-科技 | 0.70% | +0.09% | -8.41% | |
| 25 | EME | Emcor Group Inc | 股票-工業 | 0.68% | -0.16% | -6.76% | |
| 26 | MU | Micron Technology Inc | 股票-科技 | 0.67% | +1.75% | +44.33% | |
| 27 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.66% | -0.53% | -15.11% | |
| 28 | IBM | Intl Business Machines CORP | 股票-科技 | 0.59% | -0.32% | +21.49% | |
| 29 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.58% | -0.54% | -32.89% | |
| 30 | TSCO | Tractor Supply Company | 股票-循環性消費 | 0.56% | -0.25% | +31.57% | |
| 31 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.55% | — | +3.12% | |
| 32 | PGR | Progressive CORP | 股票-金融 | 0.52% | +0.05% | -29.70% | |
| 33 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.50% | -0.38% | +0.85% | |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.50% | -0.17% | +5.05% | |
| 35 | EBAY | Ebay Inc | 股票-循環性消費 | 0.50% | +0.11% | -2.76% | |
| 36 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.49% | -0.39% | -22.27% | |
| 37 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.49% | -0.27% | -5.13% | |
| 38 | ADBE | Adobe Inc | 股票-科技 | 0.47% | -0.09% | -0.77% | |
| 39 | AMP | Ameriprise Financial Inc | 股票-金融 | 0.44% | -0.02% | +8.77% | |
| 40 | CAT | Caterpillar Inc | 股票-工業 | 0.43% | +0.03% | -2.79% | |
| 41 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.43% | -0.06% | +7.33% | |
| 42 | NTES | Netease Inc-adr | 股票-通訊服務 | 0.41% | +0.07% | -2.71% | |
| 43 | WDC | Western Digital CORP | 股票-科技 | 0.40% | +0.14% | +345.85% | |
| 44 | GM | General Motors Co | 股票-循環性消費 | 0.40% | +0.07% | -38.80% | |
| 45 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.40% | — | -22.06% | |
| 46 | ALL | Allstate CORP | 股票-金融 | 0.39% | +0.13% | +117.85% | |
| 47 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.39% | +0.08% | +60.18% | |
| 48 | WFC | Wells Fargo & Co | 股票-金融 | 0.39% | +0.16% | +55.68% | |
| 49 | QCOM | Qualcomm Inc | 股票-科技 | 0.39% | +0.08% | -39.09% | |
| 50 | CMI | Cummins Inc | 股票-工業 | 0.39% | +0.07% | +576.36% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +1.6% | +11.44% | 加碼 |
| 2 | LLY | Eli Lilly & Co | +0.8% | +37.34% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.7% | +27.43% | 加碼 |
| 4 | AAPL | Apple Inc | +0.6% | +7.32% | 加碼 |
| 5 | MU | Micron Technology Inc | +0.4% | +44.33% | 加碼 |
| 6 | GSK | Gsk Plc-spon Adr | +0.4% | +2032.84% | 加碼 |
| 7 | CMI | Cummins Inc | +0.3% | +576.36% | 加碼 |
| 8 | WDC | Western Digital CORP | +0.3% | +345.85% | 加碼 |
| 9 | MRK | Merck & Co. Inc. | +0.3% | +8.86% | 加碼 |
| 10 | DAL | Delta Air Lines Inc | +0.3% | +218.98% | 加碼 |
| 11 | MCO | Moody's CORP | +0.2% | +221.15% | 加碼 |
| 12 | AMZN | Amazon.com Inc | +0.2% | +4.68% | 加碼 |
| 13 | ALL | Allstate CORP | +0.2% | +117.85% | 加碼 |
| 14 | FTNT | Fortinet Inc | +0.2% | +568.38% | 加碼 |
| 15 | PG | Procter & Gamble Co/the | +0.2% | +40.74% | 加碼 |
| 16 | WMT | Walmart Inc | +0.2% | +12.75% | 加碼 |
| 17 | WFC | Wells Fargo & Co | +0.2% | +55.68% | 加碼 |
| 18 | FOXA | Fox CORP - Class A | +0.2% | +150.95% | 加碼 |
| 19 | PEP | Pepsico Inc | +0.1% | +60.18% | 加碼 |
| 20 | JNJ | Johnson & Johnson | +0.1% | +9.98% | 加碼 |
| 21 | BAC | Bank Of America CORP | +0.1% | +60.67% | 加碼 |
| 22 | XYL | Xylem Inc | +0.1% | +88.40% | 加碼 |
| 23 | IBM | Intl Business Machines CORP | +0.1% | +21.49% | 加碼 |
| 24 | INCY | Incyte CORP | +0.1% | +1265.16% | 加碼 |
| 25 | COF | Capital One Financial CORP | +0.1% | +98.42% | 加碼 |
| 26 | AMAT | Applied Materials Inc | +0.1% | -8.91% | 減碼 |
| 27 | ACM | Aecom | -0.1% | -94.56% | 減碼 |
| 28 | ULTA | Ulta Beauty Inc | -0.1% | -44.11% | 減碼 |
| 29 | PAYX | Paychex Inc | -0.1% | -28.05% | 減碼 |
| 30 | FISV | Fiserv Inc | -0.1% | -0.83% | 減碼 |
| 31 | INTU | Intuit Inc | -0.2% | -26.35% | 減碼 |
| 32 | SNPS | Synopsys Inc | -0.2% | -37.16% | 減碼 |
| 33 | CSCO | Cisco Systems Inc | -0.2% | -23.07% | 減碼 |
| 34 | ICE | Intercontinental Exchange In | -0.2% | -77.24% | 減碼 |
| 35 | ANET | Arista Networks Inc | -0.2% | -8.41% | 減碼 |
| 36 | EA | Electronic Arts Inc | -0.2% | -89.08% | 減碼 |
| 37 | HCA | Hca Healthcare Inc | -0.2% | -37.08% | 減碼 |
| 38 | ZTS | Zoetis Inc | -0.2% | -27.25% | 減碼 |
| 39 | VZ | Verizon Communications Inc | -0.2% | -22.27% | 減碼 |
| 40 | CALM | Cal-maine Foods Inc | -0.2% | -66.43% | 減碼 |
| 41 | ADP | Automatic Data Processing | -0.2% | -43.49% | 減碼 |
| 42 | NFLX | Netflix Inc | -0.3% | +630.32% | 加碼 |
| 43 | QCOM | Qualcomm Inc | -0.3% | -39.09% | 減碼 |
| 44 | MELI | Mercadolibre Inc | -0.3% | -15.11% | 減碼 |
| 45 | COR | Cencora Inc | -0.3% | -69.82% | 減碼 |
| 46 | PGR | Progressive CORP | -0.3% | -29.70% | 減碼 |
| 47 | ABBV | Abbvie Inc | -0.3% | -32.89% | 減碼 |
| 48 | ORCL | Oracle CORP | -0.5% | -32.72% | 減碼 |
| 49 | MSFT | Microsoft CORP | -0.5% | +1.12% | 加碼 |
| 50 | META | Meta Platforms Inc-class A | -1% | -16.73% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，BI Asset Management Fondsmaeglerselskab A/S 在 Q4 2025 季度的美股持倉總市值約為 US$126.1億，共申報了 654 個公開持股部位。
在 Q4 2025 季度，BI Asset Management Fondsmaeglerselskab A/S 按市值排列的前三大核心持股分別為：NVDA (7.7%)、MSFT (5.9%)、GOOGL (5.7%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.7% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大獲利了結 / 清倉標的
META
前期市值: US$4.0億
在 Q4 2025 季度中，BI Asset Management Fondsmaeglerselskab A/S 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 27 個部位、減碼 23 個部位以及清倉 0 個部位。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。